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A major criticism of standard rating scales is that:
Withhold Information
The act of intentionally not sharing information that may be relevant or required by others for decision-making or other purposes.
Common-value Auction
An auction format where the item for sale has essentially the same value to all bidders, but the exact value is unknown until after the purchase.
Exact Value
The precise numerical quantity or measurement of an item or variable, often crucial in calculations or analyses.
Bidders
Individuals or entities that offer a price for goods or services, especially at auctions.
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